EIB, KfW-Backed Fund Buys Shares in Polish Wind From RP Global
RP Global, based in Vienna, will hold the remaining shares of the parks. It will operate the 50-megawatt Tychowo and the 54-megawatt Kukinia plants in northwest Poland, the Marguerite Fund, based in Luxembourg, said today in an e-mailed statement.
The fund, which already raised 710 million euros for infrastructure investments, made the acquisition as Poland lures investors such as German utility RWE AG (RWE) and Czech power producer CEZ AS by offering clean power incentives through a green certificate program to bolster renewable energy.
The fund, with backers including Germany’s KfW Group and Instituto de Credito Oficial, got 560 million zloty ($176 million) of project finance with a 15-year maturity to refinance the operational Tychowo park and to help fund construction of Kukinia, according to William Pierson, managing director at Marguerite Adviser SA, the fund’s adviser.
The funding was raised from the European Bank for Reconstruction and Development and PKO Bank Polski SA (PKO), another of the fund’s backers.
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